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In many respects, the investment trust was the progenitor of the investment company in the U.S. The name is somewhat misleading, given that (according to law) an investment trust is not in fact a  trust  in the legal sense at all, but a separate legal person or a company.This matters for the fiduciary duties owed by the trustees and the equitable ownership of the fund's assets.he first investment trust was the Foreign & Colonial Investment Trust, started in 1868 to give the investor of moderate means the same advantages as the large capitalists in diminishing the risk of spreading the investment over a number of stocks.
Investment trust prices. The value of the assets held by an investment trust is called the net asset value (NAV), usually expressed as pence per share. If a trust has Â£1million worth of assets and one million shares, the NAV is 100p.However, the price of an investment trust's shares is determined by supply and demand in the stock market.nvestment trusts are set up as companies and traded on the London Stock Exchange. As with any company quoted on the stock market, investment trusts have to publish an annual report and audited accounts. They also have a board of directors to which the manager of the trust is accountable.